PROVIDENCE – The Washington Trust Co. last week announced it recently provided $1.9 million to finance the construction of a new Family Dollar retail store in Providence.
The deal was made with Capstone Properties/RPS Associates LLC. The property is located at 70 Plainfield St. in the Olneyville Neighborhood of Providence. It comprises 8,470 square-feet.
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“We were pleased to be able to provide financing for RPS’ build to suit project for their tenant – Family Dollar,” said Julia Anne M. Slom, senior vice president and team leader of Washington Trust commercial real estate group.
Family Dollar, a subsidiary of the retailer Dollar Tree Inc., manages 8,200 stores in 46 states.
“The popular retailer will be a strong addition to the neighborhood and Washington Trust is glad to be part of their development strategy,” Slom added.
Washington Trust, a subsidiary of Washington Trust Bancorp Inc., is headquartered in Westerly.
Eli Sherman is a PBN staff writer. Email him at Sherman@PBN.com, or follow him on Twitter @Eli_Sherman.
